As well as digitization, there are challenges and opportunities that demand a radical redrawing of business models, from risk management through to automation of critical processes.
Increased regulatory oversight, a shortage of talent and the quest for sustainability are accelerating the need for change in the sector. More agile insurers are investing in emerging technologies, specialist software, artificial intelligence and automation solutions, exploring new ways of delivering value – on a secure and efficient basis, in line with fiscal and regulatory requirements.